Flat Housing Finance Despite Rate Cuts

March 24th,2014

Real Estate Institute of Australia (REIA) President, Ms Pamela Bennett says the housing figures released today by the Australian Bureau of Statistics (ABS) show there’s been no response to the interest rate cuts of May and June.

“Housing finance figures for July 2012 show, in trend terms, that the number of finance commitments has remained flat after six consecutive months of decreases.”